24/7 Real Media, Inc. has secured an additional investment of $3.8 million in Series C-1 Nonvoting Convertible Preferred Stock, which is in addition to, and on the same terms as, the initial $3.4
million in funding from the sale of Series C-1 Nonvoting Convertible Preferred Stock announced on May 28, 2003. "With this round of investment and the previously announced retirement of the
Publigroupe debt, the Company is now completely debt-free, has an additional $5.8 million in cash on hand, and our stockholder equity has increased dramatically," said David J. Moore, chairman and
chief executive officer of 24/7 Real Media, Inc. "Our financial position is stronger than it has been in many years, and, with our operating results continuing to improve each quarter, 24/7 Real Media
is poised to capitalize on its position as the only gateway to the total spectrum of interactive marketing and technology solutions."